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Sunday, November 24, 2024

Savanna home prices fall in the second quarter of 2019

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The median sale price of a home sold in the second quarter of 2019 in Savanna fell by $16,500 while total sales decreased by 13.6%, according to BlockShopper.com.

From April through June of 2019, there were 19 homes sold, with a median sale price of $28,000 - a 37.1% decrease over the $44,500 median sale price for the same period of the previous year. There were 22 homes sold in Savanna in the second quarter of 2018.

The median sales tax in Savanna for the most recent year with available data, 2018, was $1,077, approximately 3.8% of the median home sale price for the second quarter of 2019.

The following table compares Savanna to other Carroll County cities in the second quarter of 2019:

CityApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Lanark7616.7%$68,000$55,50022.5%
Milledgeville4333.3%$64,625$82,500-21.7%
Chadwick41300%$52,750$70,000-24.6%
Thomson3250%$49,000$52,250-6.2%
Savanna1922-13.6%$28,000$44,500-37.1%
Mount Carroll38-62.5%$25,500$63,000-59.5%
Shannon330%$24,500$78,000-68.6%

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